The Italian insurer said the sale of BSI, which it had
acquired before the global financial crisis, will generate a net
loss of around 100 million euros but should boost by 9
percentage points the group's Solvency I ratio.

Under the terms of the deal, Generali will receive 1.2
billion Swiss francs in cash and the equivalent of 300 million
Swiss francs in Banco BTG Pactual ordinary and preference
shares.
($1 = 0.8899 Swiss Francs)
(Reporting by Lisa Jucca, editing by Danilo Masoni)